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I love project management. In a world full of chaos and seemingly random events, it enables you to wrap your obligations in a structure that makes sense, reduces stress and saves time. I carefully input all my projects, associated tasks, timelines, contacts, documents and notes into my project management app (nozbe.com), always open at the left side of my browser. Everything is categorized, labeled and prioritized.
But that's just the personal organization side of project management. Its real power comes when you use it in a team environment to plan your project, estimate costs, communicate, monitor workflow, execute tasks and review results. The ability to immediately connect with other team members and assess progress throughout the project's lifecycle enables you to track daily activity and spend, and evaluate and reassess your original plan if necessary. It is the monitoring system that keeps all the pieces of the project moving in the right direction, reducing wasted time and staying within budget.
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The Article 8 opt-in election adds an additional layer of complexity to the already labyrinthine rules governing perfection of security interests under the UCC. A lender that is unaware of the nuances created by the opt in (may find its security interest vulnerable to being primed by another party that has taken steps to perfect in a superior manner under the circumstances.
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